Veteran Mortgage Execs Join Fairway

Three veteran mortgage execs are joining Fairway Independent Mortgage as part of an “aggressive expansion” of the company’s production group, Fairway announced in a press release. Scott Bristol joins as SVP, Sales and Recruiting; Brian Chick as SVP, Area Manager; and John Lowe as SVP, Division Manager. “We’re pleased to welcome Scott, Brian, and John to Fairway, as well as many others,” said Fairway CEO Steve Jacobson.  “We have increased the number of our originators by 30% over the past year.” Bristol previously served as President of PrimeLending from 2014 to 2018, and lead the company to a volume increase from $4 billion to $15 billion. He later joined Flagstar Bank as SVP of National Production, overseeing another jump in…

BankProv Supports Boys and Girls Club

By ISAIAS PACHECO A Boys and Girls Club in New Hampshire has received $15,000 from BankProv to support their transportation services. The club in Manchester has transportation provided throughout the year for after-school pickup, educational field trips, and their newly remodeled summer camp located in Bedford, NH. Senior Vice President and Director of SME Lending John Phelan said in a statement that they are proud to support the club’s efforts to make a difference in the lives of so many children. Email story ideas to Editor Kimberley Haas: [email protected]

Dave Applegate To Replace Greg Tornquist As Cenlar Board Chairman

Loan subservicer and wholesale bank Cenlar FSB has appointed Dave Applegate as Chairman of the Board of Directors, the company announced in a press release. He is replacing former Chairman of the Board, President, and CEO Greg Tornquist, who is retiring. At the same time, EVP and COO Robert Lux has been named co-CEO with Dr. James Daras, who will also serve as president. Applegate has been a board member since 2020 and brings three decades of experience in real estate, mortgage banking, and housing finance to the role of Chairman. His past experience includes CEO of Common Securitization Solutions, LLC, a joint venture of Fannie Mae and Freddie Mac; Homeward Residential, Radian Mortgage Insurance, and GMAC Mortgage and Bank.…

Rocket Mortgage Chosen As Santander Preferred Mortgage Provider

Santander has chosen Rocket Mortgage as its exclusive preferred mortgage provider for Santander customers, the companies announced. “At Santander, we place the customer at the center of our business, and I’m pleased to be working with Rocket to deliver a convenient and simplified digital mortgage experience for our customers,” said Patrick Smith, Head of Consumer and Business Banking at Santander Bank.  Rocket Mortgage will provide exclusive discounts for Santander’s nearly 2 million customers on loan and closing costs. Santander Private Clients will receive further benefits, as will employees who close loans within the program. Rocket will also provide dedicated resources for Santander clients looking for a home loan. The bank’s client base is largely centered in the Northeast, throughout Massachusetts,…

Zillow Partners With Once-Rival Opendoor

Zillow is partnering with once-rival Opendoor in a multi-year deal, the company announced in a press release. Home sellers using Zillow will be able to request an Opendoor offer to sell their home while on the platform. Customers will be able to use it by itself or package it with other Zillow services such as financing, closing, and agent selection. Zillow will get a referral fee when a customer accepts an offer from Opendoor. “Zillow is the most visited brand in online real estate. As we bring the housing super app to life, we’re empowering our millions of visitors to understand all their options and transact in the way that best meets their housing needs,” said Zillow Chief Operating Officer,…

Radius Opens In-House Mortgage Firm

Real estate brokerage Radius has launched an in-house mortgage firm in California, the company announced in a press release. Radius Mortgage is intended to provide real estate professionals and California homebuyers with a simple, transparent solution for mortgage lending. The software allows agents to track and update documents and information on their client dashboards. It also features a dedicated team for supporting agents. “We’re building Radius Mortgage from the ground up to be a premier lender in California,” said Sam Kasle, Radius’ Chief Revenue Officer.  “For far too long, the lending process has been frustrating and burdensome for agents and their clients alike. By keeping cost structures low and bringing transparency to the entire lending process, we hope to help…

Maura Cohen Promoted To VP, Director Of Mortgage Services

Maura E. Cohen has been promoted to Vice President, Director of Mortgage Services and Consumer Lending for Centric Bank and Centric Financial Corporation, the company announced. “Helping individuals and families realize their dreams of homeownership and helping them take the first step to create generational wealth and economic stability is a real passion for me,” says Cohen. “Being part of a team that is a true partner to our mortgage clients throughout their home-buying and refinancing processes makes work a pleasure.”  She moves up from her previous role as Vice President of both areas, in which she monitored mortgage originations, processing, and settlements. During her tenure, she contributed to Centric Bank’s record-breaking loan growth. Her previous experience includes working for…

Jace Stirling Joins Embrace Home Loans

James “Jace” Stirling has been named the Southeast’s regional sales manager for Embrace Home Loans, the company announced in a press release. “I’m excited to join such an incredible organization,” Stirling said. “I was drawn to Embrace’s fantastic culture, leadership, and the long-term stability of a nearly 40-year-old company. I was also attracted by Embrace’s wide variety of innovative mortgage products, its great technology, and the marketing tools it offers originators.” Stirling will succeed former SVP and Sales Director Cary Reines, who is retiring. As regional sales manager, Stirling will lead Embrace sales from Virginia to Florida, including Alabama. He will also recruit new talent for both branch management and mortgage originator positions. He brings more than two decades of…

Mortgage Earnings Roundup

Mortgage and real estate companies are releasing their earnings reports for Q2 2022, providing information on the state of the housing market and where it might be headed. NPR’s David Gura noted on Morning Edition that earnings reports “can shape our understanding of what the economy may look like in the future.” “So while earnings reports and calls executives do with analysts may seem dry, not relevant to most people, they are worth paying attention to because companies have access to tons of data about themselves, their customers, talking about customer spending patterns, how they’re feeling,” he said. Some major players in the mortgage industry released their reports this week. Freddie Mac said its earnings fell by 33% YOY, netting…

Tom Simon Named Exceleras CEO

Tom Simon has been named CEO of Exceleras, moving up from his position as Chief Experience Officer, the company announced. “My work as Chief Experience Officer has prepared me for this move, because everything we have developed was designed to give our clients the experience they desire. Too often, software fails to deliver positive experiences for users because it forces them to change the way they do business to operate within the constraints of a system,” Simon said. “At Exceleras, we pride ourselves on an industry leading, flexible user experience that’s simple, intuitive and cost effective. As a result of our retooling efforts to upgrade our highly configurable architecture, add features and integrate new reporting and analytics capabilities, we were…